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Tuition
Term category: College Finance
In 10 words or less: The fee a student pays for their higher education.

Definition: Tuition is a fee that students pay to gain a higher education.  This fee pays for such things as instructors and facilities.

Advice: Tuition figures vary widely by schools because it depends on a variety of things, including how much government support they receive, donation levels, and overall expenditures.  Private schools tend to have far higher tuition because they receive no federal/state funding.

 



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